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Chariot Oil Share Chat (CHAR)



Share Price: 15.75Bid: 15.50Ask: 16.00Change: -0.25 (-1.56%)Faller - Chariot Oil
Spread: 0.50Spread as %: 3.23%Open: 16.25High: 16.25Low: 15.50Yesterday’s Close: 16.00


Share Discussion for Chariot Oil (CHAR)


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Pegasusmarine
Posts: 379
Off Topic
Opinion:No Opinion
Price:18.25
FQ
9 Jul '14
You are absolutely spot on. I know it's not Larrys style - but last time I checked it was the shareholders who owned the business - and although he has a great bod and non-exec and is working hard in the background the follow through PR is not happening. It's not the PR people - I an sure they want to do PR! It's the policy of the company that is constraining things. Bonkers and does not help PI's at all.
 
FQ320MR
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:18.25
View Thread (2)
This
9 Jul '14
Is where Chariot let's itself down where is the back up PR to go with the farm out RNS ? Pretty soon it will be ii shut down, the same mistake repeated, we will soon have more banked that at any other time in the last 2 years, brokers crawling over themselves to talk this up but silence from the board

Let's club together to buy Larry a megaphone

MR
Pegasusmarine
Posts: 379
Off Topic
Opinion:No Opinion
Price:18.25
View Thread (2)
Q3 Chariot factsheet ?
9 Jul '14
How confident are people in the published roadmap ?
Pegasusmarine
Posts: 379
Off Topic
Opinion:Hold
Price:18.25
Did we just have a farm-in?
9 Jul '14
In one of the hottest regions for oilers to buy into ? we need more II's on board who buy above the threshold 3%....and a Tier2 farm-out. Until then it's snooze time ...and mood swings from the de-rampers which is always great for positive sentiment don't you think?
Bowlerscrew
Posts: 138
Off Topic
Opinion:No Opinion
Price:18.50
westhouse securities..
9 Jul '14
get your grubby little paws off my shares...i ain't selling to you or seymour price.....jokers the lot of you....bit like that brazil side.
Searcher
Posts: 36,130
Observation
Opinion:No Opinion
Price:18.50
Latest from the brokers
9 Jul '14
posted on iii.......

Northlands Capital issue a buy recommendation this morning, Canaccord issued the below yesterday.

The Moroccan 3D seismic was shot to try and determine the distribution of favourable porosity in the carbonate target and Chariot aims to have completed this process by late 1Q '15, potentially enabling drilling to commence by year-end '15.

Woodside is showing a vote of confidence in the project by farming in before the full technical picture has emerged, which could be indicative of a degree of competitive tension in the process. Chariot’s track record of securing farmouts is sustained.

The optional well carry is up to an agreed cap, which is in excess of the likely budgeted well cost of ~US$75m (dry hole cost, logging/testing would be extra).

Drilling activity offshore Morocco does remain contingent upon Woodside exercising its option, or Chariot securing another farmout, but this deal provides a welcome working capital injection for Chariot and provides a solid partner which could carry Chariot through drilling. From 2D seismic the JP-1 prospect has been identified on the Rabat Deep Offshore licence with prospective resources of 618mmbbls.
Pegasusmarine
Posts: 379
Off Topic
Opinion:Strong Buy
Price:18.75
FQ
8 Jul '14
And the good news - as posted earlier - is SHELL Murphy OMV and Impact oil all have recently bought acreage around 2714B ... and the market price our acreage at zero but the majors and super majors valued the acreage they farmed into much higher .. There are plenty of positives ..
Pegasusmarine
Posts: 379
Off Topic
Opinion:Strong Buy
Price:18.75
FQ
8 Jul '14
The TRP duster did not really impact us - because it was priced in. So I have to disagree with you on this occasion FQ.
FQ320MR
Posts: 1,256
Off Topic
Opinion:No Opinion
Price:18.75
one
8 Jul '14
Thing I've learnt about BP as soon as they are involved things become murky, I remember way back Paul singing their virtues then having to go dumb for months.

On the BP PB will they won't they I take no comfort in some saying we won't be marked down, this is the AIM it's either good news and we MAY go up or bad news and we Will go down falls are never priced in they are used thus isn't 2008 ..

We have had two tier one farm outs that were marked as triggers neither has resulted in an mark up it tough out there !!

MR
mcfcnige
Posts: 2,832
Observation
Opinion:No Opinion
Price:18.75
View Thread (2)
RE: SHELL
8 Jul '14
PM.

If Shell are next door maybe somebody would be interested in partnering both 2714 A and B ?



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